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Where Wall Street Thinks Encana Could Trade in 2018

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Updated

Analysts’ recommendations for Encana

As of January 26, 2018, Reuters reported that 29 analysts gave recommendations on Encana (ECA). Of the analysts, 31.0% have a “strong buy,” 51.7% have a “buy,” 13.8% have a “hold,” and 3.5% have a “sell” recommendation on Encana. There weren’t any “strong sell” recommendations on the stock.

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Median target price

The median target price on Encana stock is $16.00, which is ~20% higher than its closing price of $13.36 on January 26, 2018.

Target price changes for Encana

In the past month, Encana stock’s median target price increased from $14.50 to $16.00.

Other oil and gas producers

Based on the median target prices from Wall Street analysts, oil and gas companies Diamondback Energy (FANG) and CNX Resources (CNX) have potential upsides of ~10% and ~23%, respectively, from their closing prices on January 26. Range Resources (RRC) has a potential upside of ~63%.  CNX Resources and Range Resources are mainly natural gas (UGAZ) producers.

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